Dominican Republic’s central bank plans financial innovation hub

Banco Central de la República Dominicana
Banco Central de la República Dominicana

The Dominican Republic’s central bank is setting up a “financial innovation hub”, its governor announced on May 19.

Speaking to a conference on local investment, Héctor Valdez Albizu said fintech was important for extending access to banking services. He said “technological innovation has been an indispensable tool for achieving [financial inclusion]”.

The Central Bank of the Dominican Republic is already a regional leader in developing payment systems. It played a key role in creating a

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